Imposing Fines on Companies That Contribute Heavily to Air and Water

question 144

True/False

Imposing fines on companies that contribute heavily to air and water pollution is an attempt to bring marginal private costs in line with marginal social costs.

---

Definitions:

Sport-Utility Vehicle

A class of vehicle that combines elements of road-going passenger cars with features from off-road vehicles, like increased ground clearance and four-wheel drive.

Personal Fable

A cognitive distortion encountered in adolescence, making individuals believe they are unique, invincible, and not understood by others.

Moral Judgments

Decisions or opinions about what is right and wrong, typically reflecting personal values or societal standards.

Imaginary Audience

is a psychological concept where an individual believes that his or her actions are the focus of other people's attention and interest.